Public Employees Retirement System of Ohio Purchases 4,206 Shares of Aon plc $AON

Key Points

• The Public Employees Retirement System of Ohio increased its stake in Aon plc by 5.1%, acquiring an additional 4,206 shares, bringing its total holdings to 86,726 shares valued at approximately $30.94 million.
• Aon recently reported earnings of $3.49 per share for the latest quarter, surpassing estimates and showing a revenue increase of 10.5% year-over-year.
• The company declared a quarterly dividend of $0.745 per share, with a dividend yield of 0.8%, reflecting a payout ratio of 24.96%.

Public Employees Retirement System of Ohio lifted its position in shares of Aon plc (NYSE:AON - Free Report) by 5.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 86,726 shares of the financial services provider's stock after purchasing an additional 4,206 shares during the period. Public Employees Retirement System of Ohio's holdings in AON were worth $30,940,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in AON. Financial Gravity Asset Management Inc. bought a new position in shares of AON during the first quarter worth approximately $28,000. Saudi Central Bank acquired a new stake in AON during the first quarter worth approximately $31,000. Pinnacle Bancorp Inc. grew its position in AON by 56.9% during the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider's stock worth $32,000 after buying an additional 33 shares in the last quarter. HHM Wealth Advisors LLC grew its position in AON by 54.7% during the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider's stock worth $33,000 after buying an additional 29 shares in the last quarter. Finally, Tsfg LLC acquired a new stake in AON during the first quarter worth approximately $37,000. Institutional investors own 86.14% of the company's stock.

AON Trading Up 0.2%

Shares of AON stock opened at $353.88 on Thursday. The stock's fifty day moving average price is $363.80 and its two-hundred day moving average price is $365.85. The company has a market cap of $76.31 billion, a PE ratio of 29.64, a P/E/G ratio of 2.09 and a beta of 0.87. Aon plc has a fifty-two week low of $323.73 and a fifty-two week high of $412.97. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52.

AON (NYSE:AON - Get Free Report) last issued its earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share for the quarter, beating analysts' consensus estimates of $3.40 by $0.09. AON had a return on equity of 50.91% and a net margin of 15.54%.The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter last year, the business posted $2.93 EPS. The company's revenue was up 10.5% compared to the same quarter last year. Equities analysts predict that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a dividend of $0.745 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $2.98 annualized dividend and a dividend yield of 0.8%. AON's dividend payout ratio (DPR) is 24.96%.

Analyst Upgrades and Downgrades

AON has been the topic of a number of analyst reports. Barclays reissued an "overweight" rating and set a $420.00 price target (up previously from $401.00) on shares of AON in a research report on Thursday, July 31st. TD Cowen reduced their price target on AON from $427.00 to $419.00 and set a "buy" rating on the stock in a research report on Wednesday, September 17th. Piper Sandler increased their price target on AON from $393.00 to $413.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Jefferies Financial Group raised AON from a "hold" rating to a "buy" rating and increased their price target for the stock from $400.00 to $426.00 in a research report on Wednesday, July 30th. Finally, Evercore ISI raised their target price on AON from $411.00 to $421.00 and gave the company an "outperform" rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $414.69.

About AON

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.

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